1. Historical maximum: $880
#Binance Coin ($BNB ) reached a new turning point in the cryptocurrency market. Long-established resistance levels were finally broken, and the price reached $880, marking a new all-time high (ATH). This rise was driven not only by technical factors but also by a combination of institutional buying and ecosystem growth.
2. The power of institutional investments
One of the key factors of the rally was massive institutional buying:
#BNB Network Company (BNC) announced on August 18 that it acquired 325,000 BNB tokens ($283 million).
This move follows the allocation of $60 million BNB from Windtree Therapeutics a few weeks ago.
This effectively made BNC the largest institutional shareholder of the treasury in BNB.
With institutional inflows, the supply of BNB on exchanges decreased from 28.5% to 22.6%. The reduction in supply amid rising demand created significant upward pressure on the price.
3. Technical forecast: Strong momentum, but caution
Technical analysis indicators indicate that the bulls are in control:
The level of $869 was significantly broken on August 19.
The 7-day moving average (MA7) currently supports the price at $840.57.
MACD confirms the upward trend with an expanding positive gap.
RSI (Relative Strength Index) approaches the overbought zone at 57, warning investors of a short-term correction.
Analysts are paying attention to the Fibonacci continuation level of 127.2% at $905.75.
This level is considered a critically important resistance level that will determine whether BNB enters a new price discovery zone in the short term.
4. Ecosystem growth: Increased trading volume and TVL
The growth of BNB is not limited to just the price chart; there is also significant expansion of the ecosystem:
The #BNBHack hackathon received over 180 applications focused on artificial intelligence (AI) and DePIN applications. Supporting projects like NetMindAI and AITECHio deserves attention.
The number of transactions per day reached 13.95 million on August 19, representing a 14% increase compared to the previous week.
TVL (Total Value Locked) on the BNB Chain has increased by 20% since July, reaching $12.1 billion.
These data demonstrate the expansion of the network's user base and usage patterns, showcasing a solid growth history during the price rally.
5. Looking ahead: Test at $900 and beyond
Institutional inflows, supply reduction, and ecosystem expansion provide BNB with a powerful combination of momentum for price determination.
In the short term, the market is preparing to test the $900–$905 area.
A breakthrough above this level will signal that BNB could continue its growth into entirely uncharted territory.
However, the approaching RSI to the overbought zone indicates that investors should be prepared for short-term volatility.
Conclusion
The historical maximum of BNB at $880 is not only a technical breakthrough but also a result of momentum arising from a combination of institutional confidence, ecosystem growth, and supply reduction. If this momentum is maintained and the resistance level of $905 is broken, the next stop for BNB could be the psychological mark of $1,000.
#BNBATH880 #MarketPullback #AltcoinSeasonLoading $BNB
